Fertilizer Additives Market overview:
Global Fertilizer Additives Market was valued at $3,170 million in 2016 and is expected to reach $3,741 million by 2023, registering a CAGR of 2.3% from 2017 to 2023. Fertilizer additives are added to the fertilizers to stimulate their productivity. The demand for higher agricultural yields are met with the subsequent demands for primary nutrients and high quality of fertilizers, which in turn is responsible for the increase in the demand for the fertilizer additives. Moreover, fertilizer additives improve the quality and stability of fertilizers and soil, avoid loss of nutrients such as nitrogen, phosphorus, potassium, and sulfur, and prevent corrosion of the container used for transportation. They also provide anti-foaming and anti-caking characteristics to the fertilizer.
Global Fertilizer Additives Market Segmentation
The fertilizer additives market is segmented based on type, application, form, and geography. Based on type, the market is classified into dust control agent, anti-caking agent, colorants, corrosion inhibitors and hydrophobing agents, anti-foam agents, and granulation aids. Based on application, it is categorized into mono ammonium phosphate, triple super phosphate, urea, diammonium phosphate (DAP), ammonium nitrate/calcium ammonium nitrate, and others (potassium chloride and potassium magnesium sulfate). Based on form, it is divided into granular, prilled, and powdered. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Demand for additives is on an increase to inhibit loss of key nutrients such as nitrogen, phosphorous, potassium, and sulfur. Moreover, these additives are deployed during storage and transportation of fertilizers to prevent the formation of caking of fertilizers, due to fluctuating storage temperatures. In addition, these additives find enhanced usage to prevent formation of lumps in fertilizers during rainy season owing to increase/decrease of storage temperatures. Thus, additives play an essential role in maintaining the quality of fertilizers. Moreover, rise in demand for agricultural commodities further boosts the market growth.
The global fertilizer additives market provides various opportunities to the market players, owing to advancements in fertilizer industry and rapid growth in the global economy. Moreover, the decreasing the arable land, adoption of new technologies in production of fertilizers, and the increase in willingness of farmers to spend more for higher productivity are some of the factors that augment the demand for fertilizer additives. However, harmful environmental effects posed by the increased use of chemical fertilizer is expected to hinder the market growth to some extent.
Top Investment Pockets
Anti-caking agent segment is expected to project highest growth rate owing its increased usage during transportation, consumption and packaging of fertilizer as it prevents formation of lumps in fertilizers. In addition, these additives are also deployed during production stage of fertilizer as well as during their utilization at fields.
Top Investment Pockets
The granular segment, dominated the global market in 2016, and is anticipated to maintain its dominance throughout the forecast period. Based on the form, the market is classified into granular, prilled, and powdered. The granular form of fertilizer additives is estimated to grow at a CAGR of 1.7%.
Fertilizer Additives Market Share, By Form, 2016 (%)
Asia-Pacific accounted for a considerable share of the total revenue in 2016, followed by Europe and North America. Moreover, the demand for agricultural commodities is on a rise in Latin America, majorly in Africa owing to decrease in arable land and is expected to gain major growth during the forecast period.
Germany Fertilizer Additives Market Value, 2016-2023 ($Million)
Key players, which include Clariant, KAO Corporation, Amit Trading Ltd., Novochem Group, Filtra Catalysts & Chemicals Ltd., Arrmaz, Chemipol, Forbon Technology, Michelman, and Tolsa Group invest in R&D activities to develop advanced products to cater to the requirements of the market.
The other players in the value chain (profiles not included in the report) include Solvay, Calnetix Technologies LLC, Chemsol, British Sulphur, Cameron Chemicals, Lignotechagro, Europiren B.V, Golden Grain Group Limited, Rock Chemie Co., Volant Chem and Saudi Specialty Ind., and Chemical Co. Ltd.
- The report provides an extensive analysis of the fertilizer additives market size and trends from 2016 to 2023 to determine the prevailing opportunities.
- It offers comprehensive analysis of North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends.
- Comprehensive analysis of factors that drive & restrict the growth of the market is provided.
- Extensive analysis is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
- The report provides extensive qualitative fertilizer additives market trends on the significant segments or regions.
- The report provides key insights on strategic fertilizer additives of various companies and the value chain analysis of fertilizer additives.
Fertilizer Additives Market Key Segmentation
- Dust Control Agent
- Anti-Caking Agent
- Anti-foam Agents
- Granulation Aids
- Corrosion Inhibitors
- Hydrophobing Agents
- Mono Ammonium Phosphate,
- Triple Super Phosphate,
- Diammonium Phosphate (DAP)
- Ammonium Nitrate/CAN
- Others (Potassium Chloride and Potassium Magnesium Sulfate)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA